GeoEnpro plans $117m Kharsang drilling

Vol 18, PW 6 (06 Nov 14) Exploration & Production
     

GeoEnpro is planning to spend Rs720cr ($117m) to drill 45 appraisal and development wells at its 11-sq km Kharsang field in Arunachal Pradesh.

GeoEnpro, a JV between Jubilant Enpro and Monaco-headquartered Geopetrol, received EoIs on October 10 to hire a 750-1000-hp drilling rig and services following an invitation on September 25. Among the companies that submitted EoIs are Delhi-based Shiv Vani, Assamese companies Udipta Energy and JayBee Energy and Ahmedabad-based John Energy.

“We’re evaluating EoIs,” says a GeoEnpro source. “We plan to float a tender to technically qualified companies by next month (December).

” GeoEnpro explains it has tapped out all the ‘easy oil’ at Kharsang which was in the Girujan formation and it now needs to target deeper prospects in the Tipam and Barail formations. “We must arrest declining production by drilling new wells,” we hear.

GeoEnpro should begin drilling in March next year and drill at least two development wells in 2015. Another 23 development wells will be drilled by 2017.

Simultaneously GeoEnpro will drill another five appraisal/exploration wells between 2015 and 2020. From 2017 to 2023, it plans to drill 15 development wells.

GeoEnpro applied for environmental clearance on September 25. “We expect to receive the clearance by March 2015,” we learn.

GeoEnpro has drilled 70 wells at the field till date of which 30 wells together produce up to 1500 b/d of oil and 50,000 cm/d of gas.